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Consider the following supply and demand functions: qs = 25 + 1ps,qd = 100 - 0.5pd.
Solve this problem as a monopolist on the output-side and monopsonist on the input- side using Solver.
An economy is currently made up of a firm that produces bread, a firm that produces butter, and a consumer who consumes both bread and butter. Current production is 100 units of bread, 50 units of butter which the consumed by the consumer.
To successfully practice price discrimination
Discuss the differences between accounting profit and economic profit. What does it mean when a company makes zero accounting profit? How about zero economic profit?
What is the history of inflation in the US in the last 10 years, with particular emphasis on the on the great recession and the recovery?
What did pre-Keynesian believe about the market and its ability to pull itself out of a recession 9. What role do investments in human capital, physical capital, technology development, and improving institutional quality play in creating economic..
The commodity presents itself to the economic agents
You are the chief economic adviser in a small open economy with a floating-exchange-rate system. Your boss, the president of the country, wishes to increase the level of output in the short run in order to win re-election.
In the past decade, the United States has been running extraordinary large foreign trade deficits. This is possible by the. The purchasing power parity theory (PPP) of the exchange rate implies that the real exchange rate between two countries
1. explain why the aggregate demand curve slopes down?2. an increase in the sale of new houses is often a sign that an
Find the equilibrium price and quantity after the shift of the demand curve.If, instead, two new stores that sell T-shirts open up in town, which of the following might be the new supply curve?
Presume a price ceiling is set below the current market price. If the goal of the price ceiling is to reduce total expenditures, it will be successful
What combination of capital and labour should it use to produce and what would be the cost of production
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